Baidu's 2023 Q3 financial report indicates a double increase in revenue and net profit, with advertising business remaining the largest cash cow. The success of Ernie Bot 4.0 in the large-model wave has led to a wide user base and extensive scene coverage. Baidu's strategy of large models combined with cloud business models is not only strong in the advertising sector but also making new strides in areas such as autonomous driving.
Baidu Q3 2023 Financial Report: Large Models Drive Growth, Advertising Business Remains Strong
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